Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) to Issue $0.17 Monthly Dividend

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) declared a monthly dividend on Tuesday, April 14th. Stockholders of record on Tuesday, June 16th will be given a dividend of 0.17 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend is Tuesday, June 16th.

Herzfeld Credit Income Fund Price Performance

NASDAQ:HERZ opened at $15.96 on Wednesday. The stock’s 50 day simple moving average is $23.06 and its 200-day simple moving average is $159.87. Herzfeld Credit Income Fund has a 12-month low of $13.71 and a 12-month high of $31.00.

About Herzfeld Credit Income Fund

Herzfeld Credit Income Fund (NASDAQ:HERZ) is a closed-end, non-diversified management investment company that trades on the NASDAQ Capital Market. The fund is externally managed by Herzfeld Advisors, Inc, which is responsible for day-to-day portfolio construction, credit research and risk management under the oversight of an independent board of directors.

The fund’s primary objective is to generate current income with an emphasis on preservation of capital. To pursue this goal, Herzfeld Credit Income Fund invests in a diversified portfolio of corporate debt instruments, including senior secured loans, high-yield bonds, mezzanine loans and other fixed-income securities.